Production possibilities frontiers cannot be used to illustrate tradeoffs
a. True
b. False
Indicate whether the statement is true or false
False
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The narrowest definition of money:
A. includes the things that can be used in transactions immediately. B. contains only cash and bank reserves held at the Fed. C. is referred to as hard money. D. All of these are true.
If a firm goes bankrupt, the bondholders will get paid back before the stockholders get any money
a. True b. False Indicate whether the statement is true or false
Which of the following would be most likely to cause an increase in current aggregate demand in the United States?
a. increased fear that the U.S. economy was going into a recession b. an increase in the real interest rate c. a reduction in the expected rate of inflation d. rapid growth of real income in Canada and Western Europe
The essence of an oligopolistic market is that there are only a few sellers
a. True b. False Indicate whether the statement is true or false